Notwithstanding anything contained in any other Acts: (1) The Government guarantee shall ordinarily be extended by the Government on behalf of the Departmental Undertakings, Public Sector Undertakings, Local Authorities, Statutory Boards and Corporations, co-operative Institutions and other Authorities and Agencies under the Government. (2) No Guarantees shall be award in respect of loan individual, private institutions or private companies.
Section 4: Restrictions on Government Guarantees
The Uttrakhand Ceiling On Government Guarantee Act, 2016State Act of Uttarakhand · Act 41 of 2016
Where this provision sits
| Act | The Uttrakhand Ceiling On Government Guarantee Act, 2016 |
|---|---|
| Section | 4 |
| Marginal note | Restrictions on Government Guarantees |
| Jurisdiction | State of Uttarakhand |
| Status | In force as published by the source |
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